QIIb Discloses Its Financial Statements for Three-Month Period Ended March 31, 2017 of 2017

April 25, 2017

QIIB disclosed its interim financial statements for the period ended on 31.3.2017. The financial statements revealed a net profit of QR 236.5 million Compared to net profit amounting to QR 223.1 million for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 1.56 for the period ended March 31, 2017 to EPS amounted to QR 1.47 for the same period of the previous year.

The Group's Comment

QIIB's total income increased by 14.9% to QR 460 million in the first quarter of 2017, including QR 413.5 million as financing profit. Total expenses increased by 29.8% to 121.9 million, including staff cost. The share of unrestricted investment deposits account holder increased by 18.8% to QR 99 million. As result, QIIB's profit rose by 6% to QR 236.5 million in this quarter.